112 Lake Shore DrHallandaleFL33009
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Hallandale at 112 Lake Shore Dr, Hallandale, FL, 33009 offers $2,672/mo rent that, after a $1,908/mo payment, leaves $85/mo cash flow. Total monthly income is $2,672/mo, and annual cash flow is $1,019/yr on $129,252 cash. Return on cash invested measures 20.7% in year one, and rental yield stands at 8.22% at a $389,900 entry. Equity gained on principal adds $2,516/yr while 5% annual appreciation compounds into $107,722 by year five. Five-year ROI records 107.64% and total cumulative return in cash reaches $139,129. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,672/mo property income versus a $1,908/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1968
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33009, Hallandale, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31,110 (100%) |
| Owner Occupied HU | 11,140 (35.8%) |
| Renter Occupied HU | 10,432 (33.5%) |
| Vacant Housing Units | 9,538 (30.7%) |
| Median Home Value | $364,881 |
| Average Home Value | $441,762 |
Housing Distribution
Address Breakdown
Residential
26,501
Single Family
8,209
Multi-Family
18,292
Businesses
2,056
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Listed by: Andre Lauzier • Coldwell Banker Realty
Mls Name: MIAMI
Mls ID: #A11915194